Loans Receivable Held for Investment (Tables)

6 Months Ended

Jun. 30, 2014

Loans Receivable Held for Investment

Schedule of loans receivable

	June 30, 2014				December 31, 2013
		(In thousands)
Real estate:
One-to-four units		$	44,840			$	46,459
Five or more units		145,091				113,218
Commercial real estate		23,438				26,697
Church		58,386				67,934
Construction		407				424
Commercial - other		595				2,067
Consumer		21				38
Total gross loans receivable		272,778				256,837
Unamortized net deferred loan costs and premium		1,568				1,156
Allowance for loan losses		(9,376		)		(10,146		)
Loans receivable, net		$	264,970			$	247,847

Activity in the Allowance for Loan Losses by Portfolio Segment

	Three Months Ended June 30, 2014
	One-to- four units		Five or more units		Commercial real estate		Church		Construction		Commercial  - other		Consumer		Total
	(In thousands)
Beginning balance	$	1,874	$	2,107	$	1,212	$	4,867	$	7	$	20	$	4	$	10,091
Provision for (recapture of) loan losses	65		197		(131)		(629)		-		(2)		-		(500)
Recoveries	-		-		-		13		-		1		-		14
Loans charged off	(90)		-		-		(139)		-		-		-		(229)
Ending balance	$	1,849	$	2,304	$	1,081	$	4,112	$	7	$	19	$	4	$	9,376

	Six Months Ended June 30, 2014
	One-to- four units		Five or more units		Commercial real estate		Church		Construction		Commercial  - other		Consumer		Total
	(In thousands)
Beginning balance	$	1,930	$	1,726	$	1,473	$	4,949	$	7	$	55	$	6	$	10,146
Provision for (recapture of) loan losses	10		578		(383)		(684)		-		(1,101)		(2)		(1,582)
Recoveries	2		-		-		169		-		1,083		-		1,254
Loans charged off	(93)		-		(9)		(322)		-		(18)		-		(442)
Ending balance	$	1,849	$	2,304	$	1,081	$	4,112	$	7	$	19	$	4	$	9,376

	Three Months Ended June 30, 2013
	One-to- four units		Five or more units		Commercial real estate		Church		Construction		Commercial  - other		Consumer		Total
	(In thousands)
Beginning balance	$	1,834	$	1,123	$	1,549	$	5,677	$	8	$	250	$	9	$	10,450
Provision for loan losses	614		66		39		(623)		-		(97)		1		-
Recoveries	-		-		86		6		-		60		-		152
Loans charged off	(3)		(20)		-		-		-		-		-		(23)
Ending balance	$	2,445	$	1,169	$	1,674	$	5,060	$	8	$	213	$	10	$	10,579

	Six Months Ended June 30, 2013
	One-to- four units		Five or more units		Commercial real estate		Church		Construction		Commercial  - other		Consumer		Total
	(In thousands)
Beginning balance	$	2,060	$	2,122	$	2,685	$	4,818	$	8	$	167	$	9	$	11,869
Provision for loan losses	165		(295)		(168)		406		-		(109)		1		-
Recoveries	259		-		101		13		-		155		-		528
Loans charged off	(39)		(658)		(944)		(177)		-		-		-		(1,818)
Ending balance	$	2,445	$	1,169	$	1,674	$	5,060	$	8	$	213	$	10	$	10,579

Allowance for Loan Losses and Recorded Investment in Loans By Portfolio Segment and Based on Impairment Method

	June 30, 2014
	One-to- four units		Five or more units		Commercial real estate		Church		Construction		Commercial - other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	377	$	131	$	195	$	1,083	$	-	$	11	$	-	$	1,797
Collectively evaluated for impairment	1,472		2,173		886		3,029		7		8		4		7,579
Total ending allowance balance	$	1,849	$	2,304	$	1,081	$	4,112	$	7	$	19	$	4	$	9,376
Loans:
Loans individually evaluated for impairment	$	2,978	$	3,521	$	4,740	$	16,756	$	-	$	122	$	-	$	28,117
Loans collectively evaluated for impairment	41,862		141,570		18,698		41,630		407		473		21		244,661
Total ending loans balance	$	44,840	$	145,091	$	23,438	$	58,386	$	407	$	595	$	21	$	272,778

	December 31, 2013
	One-to- four units		Five or more units		Commercial real estate		Church		Construction		Commercial - other		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	382	$	143	$	206	$	1,444	$	-	$	12	$	-	$	2,187
Collectively evaluated for impairment	1,548		1,583		1,267		3,505		7		43		6		7,959
Total ending allowance balance	$	1,930	$	1,726	$	1,473	$	4,949	$	7	$	55	$	6	$	10,146
Loans:
Loans individually evaluated for impairment	$	3,053	$	4,163	$	4,894	$	21,243	$	-	$	150	$	-	$	33,503
Loans collectively evaluated for impairment	43,406		109,055		21,803		46,691		424		1,917		38		223,334
Total ending loans balance	$	46,459	$	113,218	$	26,697	$	67,934	$	424	$	2,067	$	38	$	256,837

Loans Individually Evaluated for Impairment by Type of Loans

	June 30, 2014						December 31, 2013
	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated		Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses Allocated
	(In thousands)
With no related allowance recorded:
One-to-four units	$	2,185	$	1,384	$	-	$	2,114	$	1,441	$	-
Five or more units	2,102		1,987		-		2,690		2,598		-
Commercial real estate	1,890		1,252		-		4,867		1,391		-
Church	10,482		7,261		-		11,806		8,446		-
Commercial - other	18		-		-		3,850		-		-
With an allowance recorded:
One-to-four units	1,594		1,594		377		1,612		1,612		382
Five or more units	1,560		1,534		131		1,578		1,565		143
Commercial real estate	3,489		3,488		195		3,503		3,503		206
Church	9,584		9,495		1,083		12,862		12,797		1,444
Commercial -other	122		122		11		150		150		12
Total	$	33,026	$	28,117	$	1,797	$	45,032	$	33,503	$	2,187

Average of Loans Individually Evaluated for Impairment by Type of Loans and Related Interest Income

	Three Months Ended June 30, 2014						Six Months Ended June 30, 2014
	Average Recorded Investment			Cash Basis Interest Income Recognized			Average Recorded Investment			Cash Basis Interest Income Recognized
	(In thousands)
One-to-four units		$	2,930		$	18		$	2,977		$	35
Five or more units		3,543			23			3,722			46
Commercial real estate		4,783			96			4,828			189
Church		17,110			192			18,557			333
Commercial- other		130			2			137			5
Total		$	28,496		$	331		$	30,221		$	608

	Three Months Ended June 30, 2013						Six Months Ended June 30, 2013
	Average Recorded Investment			Cash Basis Interest Income Recognized			Average Recorded Investment			Cash Basis Interest Income Recognized
		(In thousands)
One-to-four units		$	3,737		$	29		$	3,877		$	61
Five or more units		2,508			24			3,097			40
Commercial real estate		6,481			142			8,058			223
Church		22,041			139			23,213			276
Construction		-			-			115			5
Commercial - other		166			6			152			6
Total		$	34,933		$	340		$	38,512		$	611

Aging of Recorded Investment in Past Due Loans, Including Loans Receivable Held For Sale

	June 30, 2014
	30-59 Days Past Due			60-89 Days Past Due			Greater than 90 Days Past Due			Total Past Due			Total Loans Not Past Due
	(In thousands)
One-to-four units		$	793		$	-		$	598		$	1,391		$	43,449
Five or more units		-			-			-			-			145,091
Commercial real estate		-			-			-			-			23,438
Church		384			-			1,858			2,242			56,144
Construction		-			-			-			-			407
Commercial - other		-			-			-			-			595
Consumer		-			-			-			-			21
Total		$	1,177		$	-		$	2,456		$	3,633		$	269,145

	December 31, 2013
	30-59 Days Past Due			60-89 Days Past Due			Greater than 90 Days Past Due			Total Past Due			Total Loans Not Past Due
	(In thousands)
One-to-four units		$	802		$	-		$	585		$	1,387		$	45,072
Five or more units		-			-			545			545			112,673
Commercial real estate		346			-			1,016			1,362			25,335
Church		2,557			323			4,877			7,757			60,177
Construction		-			-			-			-			424
Commercial - other		82			-			-			82			1,985
Consumer		-			-			-			-			38
Total		$	3,787		$	323		$	7,023		$	11,133		$	245,704

Recorded Investment in Nonaccrual Loans by Type of Loans

	June 30, 2014			December 31, 2013
	(In thousands)
One-to-four units		$	1,400		$	1,441
Five or more units		2,037			2,985
Commercial real estate		1,249			1,391
Church		8,082			11,735
Commercial - other		122			150
Total non-accrual loans		$	12,890		$	17,702

Loans by Type Modified as Troubled Debt Restructurings

	Three Months Ended June 30, 2013					Six Months Ended June 30, 2013
	Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Loans	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(Dollars in thousands)
One-to-four units	-	$	-	$	-	5	$	739	$	789
Commercial real estate	1	1,456		1,497		1	1,456		1,497
Total	1	$	1,456	$	1,497	6	$	2,195	$	2,286

Risk Category of Loans by Type of Loans

	June 30, 2014
	Pass		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
One-to-four units	$	38,858	$	4,594	$	1,388	$	-	$	-
Five or more units	137,762		2,095		5,234		-		-
Commercial real estate	17,507		526		5,405		-		-
Church	34,846		10,230		13,310		-		-
Construction	407		-		-		-		-
Commercial - other	473		-		122		-		-
Consumer	21		-		-		-		-
Total	$	229,874	$	17,445	$	25,459	$	-	$	-
	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Loss
	(In thousands)
One-to-four units	$	41,481	$	3,537	$	1,441	$	-	$	-
Five or more units	105,377		2,305		5,536		-		-
Commercial real estate	18,154		529		8,014		-		-
Church	34,367		17,657		15,910		-		-
Construction	424		-		-		-		-
Commercial - other	490		1,427		150		-		-
Consumer	38		-		-		-		-
Total	$	200,331	$	25,455	$	31,051	$	-	$	-